Known to many as a repertory theater, the UC Theatre held a long-running series of "Rocky Horror Picture Show" screenings and hosted events, including one where filmmaker Werner Herzog ate his shoe on a dare from fellow filmmaker Errol Morris.

The 1,460-seat theater on University Avenue, which has been closed for 12 years, will undergo renovations starting this summer before reopening as a year-round live music venue managed by the nonprofit Berkeley Music Group, the group said Wednesday.

Leaders of the nonprofit, who include board president David Mayeri, say the venue will present around 75 to 100 shows a year and will be the only venue of its size and type in the East Bay.